@Gary KaneIf the IRA has an equity stake in the profits of the flip, such as membership interest in the LLC, then the IRA is considered to have trade or business income.If, however, the IRA were simply to lend money to someone else's LLC, then the income to the IRA is deemed to be passive and therefore not subject to UBIT.  

@Kay Ferdous I have completed 2 of 6 BRRRR's in 1.5 years.  

That's all foreclosure is; the forced liquidation of collateral.Until foreclosure is completed, the estate retains record title. 

At this point, I would use all rent payments to pay down the loan balances of the 10 homes (1 house at a time) with the goal of having all the homes completely paid off by year 20.  

To minimize costs, my partner and I would manage the property ourselves, and look to refinance in several years to take complete ownership of the property or invest in new properties.

Are you talking about buying in Redlands, or nearby, or somewhere completely separate? 

I am a complete newbie but am really wanting to learn all I can and hopefully own some rental properties by this time next year.

BUT wont have the funds until after closing is complete.

I am a complete newbie when it comes to real estate investing.

You want to make sure they're completely familiar with the entire process, because the underwriting is a major pain.